- Farm Bill 2018 legalizes hemp production in the United States, with some restrictions
- Hemp industry already estimated to reach over $1 billion in 2018 revenues
- Sugarmade, Inc. investing in hemp production to take advantage of the fast-growing U.S. hemp and cannabis market
Sugarmade, Inc. (OTC: SGMD), one of the largest publicly traded hydroponic supply companies, is discovering new opportunities in the hemp and cannabis industry as a landmark farm bill legalizes hemp cultivation in the United States.
The 2018 Farm Bill, approved by Congress and signed by President Trump, signifies important progress for enthusiasts of the cannabis plant and its by-products. While former laws did not differentiate between hemp and other cannabis plants (all were deemed illegal under the Controlled Substances Act of 1970), this latest bill has legalized the production of…
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